The semiconductor industry is booming in the Austin area. In fact, semiconductor chips are the fourth most traded goods in the world.
High product demand has created a need for semiconductor manufacturing and research and development, causing companies to buy and lease industrial space at a rapid rate. Hutto has an abundance of available land and space, including land and industrial buildings, and big-block space at Innovation Business Park.
Hutto businesses also have access to a large, highly skilled, and experienced labor pool from Austin and the surrounding communities. Several acts are also underway to provide incentives and attract semiconductor manufacturers to the US.
Texas, and in particular, the Central Austin area, is leading the way in electric vehicle manufacturing. The Tesla Texas Gigafactory, Tesla’s fourth US factory and its headquarters, opened in April of 2022, establishing a firm base for electric transportation and auto manufacturing. This in-demand industry is expected to experience rapid growth, and Hutto’s strategic location, access to major roadways and available land, and large workforce pool make it a great location for electric vehicle and component manufacturing.
With a booming local and regional population, Hutto consumers are hungry for destination retail and entertainment. Hutto has an abundance of available land and sites primed for these opportunities, including the up-and-coming Hutto Co-Op District and the established Highlights of Hutto Plaza and Hanson’s Corner, among others. The Hutto EDC has made this sector a high priority through its regional work as well as participation in the ICSC national convention. Our demographics feature a large and rapidly growing population of younger families with college degrees and disposable income looking for a wide variety of shopping, dining and year-round fun – which is where YOUR business comes in!
Hutto is primed to allow businesses to compete in numerous life science sectors such as Pharmaceuticals, Biotechnology, and Medical Devices, including both the manufacturing and research and development divisions. The Austin MSA provides access to an educated workforce skilled in these areas, and Texas universities, including the nearby University of Texas and Baylor University, produce talented graduates along with adjuvant R&D programs.